OceanPact Serviços Marítimos S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was BRL 13.93 million compared to BRL 36.08 million a year ago. Basic loss per share from continuing operations was BRL 0.07 compared to BRL 0.18 a year ago. Diluted loss per share from continuing operations was BRL 0.07 compared to BRL 0.18 a year ago.
For the nine months, net income was BRL 52.7 million compared to net loss of BRL 121.88 million a year ago. Basic earnings per share from continuing operations was BRL 0.27 compared to basic loss per share from continuing operations of BRL 0.61 a year ago. Diluted earnings per share from continuing operations was BRL 0.26 compared to diluted loss per share from continuing operations of BRL 0.61 a year ago.
Oceanpact Servicos Maritimos SA is a Brazil-based provider of maritime services. The Companyâs activities are divided into three business units: Environment, Subsea and Logistics and Engineering. The Environment division is dedicated to protection services, oceanographic surveys, environmental licensing and studies, operational safety and environmental remediation. The Subsea unit is focused on geophysics, geotechnics, inspection, repair and maintenance services, as well as on support to construction and decommissioning of offshore developments. The Logistics and Engineering division provides services related to maritime logistics, offshore support bases, port and coastal engineering, civil and industrial construction, maritime and ports works, dredging and facilities and industrial cleaning. The Company serves customers mainly in the oil and gas, energy and telecommunications sectors.
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